Homework Answers
| No. | Date | Account titles and explanation | Debit | Credit |
| (a) | July 1 | Accounts Receivable - Stacey Inc. | $23,400 | |
| Sales | $23,400 | |||
| (b) | July 8 | Sales Returns and Allowances | $2,400 | |
| Accounts Receivable - Stacey Inc. | $2,400 | |||
| (c) | July 11 | Cash | $20,580 | |
| Sales Discounts($21,400 * 2%) | $420 | |||
| Accounts Receivable - Stacey Inc.($23,400 - $2,400) | $21,000 |
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edugen wileyplus.com Wiley PLUS Is Kimmel, Financial Accounting, se JS Help System Announcements Brief Exercise 8-2...
edugen wileyplus.com WileyPLUS Calculator Kimmel, Financial Accounting, se Help System Announcements CALCULATOR PRINTER VERSION HACK NEXT...
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Brief Exercise 8-02 Record the following transactions on the books of Sheridan Co. (Omit cost of goods sold entries.) (C...
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Record the following transactions on the books of Crane Co. (Omit cost of goods sold entries.)...
Record the following transactions on the books of Crane Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On July 1, Crane Co. sold merchandise on account to Stacey Inc. for $21,860, terms 3/10, n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,360 to Crane Co. (c) On July 11, Stacey Inc. paid for...
edugen wileyplus.com WileyPLUS Calculator Kimmel, Financial Accounting, se Help System Announcements CALCULATOR PRINTER VERSION HACK NEXT Do It! Review 9-2b Flounder Corp. purchased a piece of equipment for $51,500. It estimated a 7-year life and $2,000 salvage value. At the end of year 3 (before the depreciation adjustment), it estimated the new total life to be 9 years and the new salvage value to be $5,000. Compute the revised depreciation Company uses straight-line depreciation method. (Round answer to o decimal...
Brief Exercise 8-02 Record the following transactions on the books of Crane Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. not indent manually. Record journal entries in the order presented in the problem.) (a) On July 1, Crane Co. sold merchandise on account to Stacey Inc. for $21,860, terms 3/10, n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,360 to Crane Co. (c) On July 11, Stacey Inc. paid...
Kimmel, Financial Accounting, be Help System Announcements CALCULATOR PRINTER VERSION BACK Exercise 8-8 On May 10, Coronado Industries sold merchandise for $31,000 and accepted the customer's Best Business Bank MasterCard. At the end of the day, the Best Business Bank MasterCard receipts were deposited in the company's bank account, Best Business Bank charges a 3.3% service charge for credit card sales. Prepare the entry on Coronado Industries's books to record the sale of merchandise. (Credit account titles are automatically indented...
Question 1 View Policies Current Attempt In Progress Record the following transactions on the books of Skysong, Inc. (Omit cost of goods sold entries.) Credit accounties ar automatically indented when amount is entered Doro Indent man (a) On July 1, Skysong, Inc. sold merchandise on account to Stacey Inc. for $22.200, terms 4/10,n30. (b) On July 8, Stacey Inc. returned merchandise worth $2,400 to Skysong, Inc. (d) On July 11, Stacey Inc. paid for the merchandise. No. Date Account Titles...
edugen wileyplus.com/edugenti/manuni PLUS DINIS mel Accounting, se System Aencements SOURCES CALCULATOR PRINTER VERSION Brief Exercise 3-3 At the end of 2016, Waterway Industries has accounts receivable of 727400 and a womande for doubtful accounts of $27.280. On January 24, 2017. It is learned that the company receivable from Madonna Inc. is not collectible and therefore management authors a wet of $4,480 (a) Prepare the journal entry to record the write-of. (Credit accountries are automatically indented when amount is entered Act...
Brief Exercise 5-3 Prepare the journal entries to record the following transactions on Novak Corp.'s books using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) on March 2, Novak Corp. sold E758,000 of merchandise to Edgebrook Company, terms 2/10, n/30. The cost of the merchandise sold was E524,000. Account Tities and Explanation Debit Credit (To record the sale) (To record cost of merchandise sold) (b) on March 6, Edgebrook...
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S Kimmel, Financial Accounting, Se Help I System Announcements PRINTER VERSION NEXT CALCULATOR BACK Brief Exercise 9-1 Your answer is incorrect. Try again. These expenditures were incurred by Crane Company in purchasing land: cash price $59,370, assumed accrued property taxes $4,580, attorney's fees $2,190, real estate broker's commission $3,810, and clearing and grading $4,980. What is the cost of the land? The cost of the land LINK TO TEXT INTERACTIVE TUTORIAL
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